Company defies fintech downturn as government seeks to convince it to pick London for IPO
City minister Tulip Siddiq calls in Britain’s largest fintech for talks after regulator granted critical banking licence
Consortium leader CK Infrastructure, controlled by Li Ka-shing’s family, also announces secondary listing in London
With traditional IPOs have been far and few, so-called blank cheque companies have been seeking to fill the void
Start-up receives strong fund backing in country’s biggest IPO so far this year
Prada and Samsonite must be watching with interest the skincare group’s attempt to delist
German group says it could list car parts division in late 2025 pending ‘detailed review’
What started as a characteristically bold scheme came crashing down after a startling series of setbacks
Ack-man of La Mancha
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Decision follows vastly lowered target and delay in pricing
“Well-positioned businesses are pricing their IPOs above price talk and are trading well in the aftermarket”
Figure is fraction of the $25bn initially targeted by billionaire hedge fund manager
No Go! No Go! Ackman
Delay marks a setback for the billionaire hedge fund manager who hoped for one of the largest listings in history
Financial Conduct Authority proposes changes to document issuing for share sales in next phase of listings reforms
Plus, Revolut finally secures its banking licence and what the US presidential ticket means for antitrust
Shares in Lineage, which operates global network of facilities for commercial food clients, rise 3.6% on first trading day
Pershing Square USA distances itself from its CEO’s comments
Compliance FTW
An investing class left for dead after early excesses and poor performance shows signs of life
French billionaire Vincent Bolloré to split up Vivendi to boost valuations of its individual businesses
Tally falls amid dearth of IPOs and as costs of being quoted drive some companies to delist
A listing in early 2025 would be a boon to London’s otherwise lacklustre capital markets
After a peak pandemic surge, interest in the sector has dried up
